A study of the multifamily loan limits and their effects is required
What the document says“The Commissioner of the Federal Housing Administration, in consultation with the Secretary of Housing and Urban Development, shall conduct a study to assess the following in comparison to the loan limits prior to the amendments made under this section:”
The section requires the Commissioner of the Federal Housing Administration, consulting the Secretary of Housing and Urban Development, to study whether the Commissioner has enough authority to raise loan limits to meet market demand, and what effect raising the limits has had on the General Insurance and Special Risk Insurance Fund, on the volume of insured multifamily purchase and construction lending, and, where data allows, on year over year changes over the last six years in lending costs, rents and house prices, and multifamily housing supply including permits, starts, and completions.
What the document actually says“The Commissioner of the Federal Housing Administration, in consultation with the Secretary of Housing and Urban Development, shall conduct a study to assess the following in comparison to the loan limits prior to the amendments made under this section:”
The head of the housing loan office must run a study. The housing agency helps. The study compares the new limits with the ones before this law.
A study asks what a change actually did. This one looks at the insurance fund and at lending. It also looks at rents, prices, and how much got built.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.